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to file a financial disclosure statement pursuant to Section 2-294 of the Prince George's County Code. The affidavit, with supporting documentation, must be presented to Pupil Accounting and School Boundaries annually at least 2 weeks prior to the beginning of the school year for each year the child continues to live with the relative because of a serious family hardship. As soon as you've completed the Maryland Refinance Affidavit, send away it to your legal professional for confirmation. 0000001531 00000 n
(For tax purposes) Recordation tax based on difference between new loan amount and the unpaid principal balance of the loan(s) being refinanced. DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations. BORROWER'S AFFIDAVIT FOR REFINANCE LOANS ONLY Instructions to Lender. startxref
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Prince George s County Office of Finance, Treasury Division County Transfer Tax 1.4% Finance Affidavit State Decoration Tax 5.50 per 1000.00 PROPERTY TAX ID # (REQUIRED) DO YOU OWN ANY OTHER PROPERTIES? Per Section 12-108(g) of the Tax-Property Article of the Maryland Code, the changes to the statute allow for the refinance exemption to apply when the following conditions are satisfied: The Refinance Exemption allows that, in the event the amount secured by a refinance deed of trust is greater than the unpaid principal balance of the loan secured by the existing deed of trust, State Recordation Tax is calculated on the amount of the increase, as opposed to on the entire new principal amount. 0000022483 00000 n
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the amount secured by the refinance deed of trust is not greater than the unpaid principal balance on the loan secured by the existing deed of trust. This can be helpful if you are unsure where the form is categorized or if you are looking for multiple forms related to a single topic. Bill Would Raise the Limit on the Amount of Debt an IDOT Can Secure, Defer Recordation Tax, Maryland Updates Pass-Through Entity Election Requirements, Department of Education Issues Proposed Title IX Amendment Regarding Athlete Eligibility, Keeping Up With OSHAs Evolving Recordkeeping and Electronic Reporting Requirements. 0000105029 00000 n
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If buyer is actively employed by Prince George's County in one of the following occupations: Police Officer, Corrections Officer, Sheriff, Deputy Sheriff, Classroom Teacher, Firefighter, Emergency Medical Technician, or Nurse they may be eligible for an additional $5,000.00 to bring the total loan amount up to $20,000.00, based on need. xb``e``8*`b$AY(f`cd0|>U><023
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hbbd``b` He - +xc bX{@J Such confusion has been evidenced by numerous questions pertaining to the 2013 changes to the refinance statute in Maryland. 0000003300 00000 n
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Producer/Sheep owner licence fee remittance form (private REQUEST TO APPEAR AS A DEPUTATION - Adjala Tosorontio, customer owned generation information - City Water, Light, and Power, prince george's county refinance affidavit, prince george's county finance affidavit instructions. It is worth noting, that State Transfer Taxes are not imposed on refinance deeds of trusts, since under State Law, a refinance is not considered a transfer of interest in real property. In order for commercial borrowers to avoid paying substantial recordation taxes, they would have to arrange for note sales and assignments of loan documents in order to get credit toward recordation tax liability.